RoboMarkets

Basic Information

• Registered Region
  

  Cyprus
• Operation Status
  Normal
• Operating Period
  2012-08-14
• Deposit Methods
  Bank Transfer, Credit Card, E-wallet
• Website
  https://robomarkets.com.cy
• Market Type
  Foreign exchange
• Support Languges
  

  English

  

  Spanish

  

  Russian
• Main Business
  FX, stocks, indices, commodities, CFDs
• Business Type
  Multi-asset broker
• Social Media
• Contact Details
  info@robomarkets.com

  +357 25 123275', '+49 69 96758120', '+34 80055445529', '+351 80055445529
• Type of Accounts
  Prime
• Trading Platforms
  MT4 / MT5 / R WebTrader / R MobileTrader
• Withdraw Methods
  Not disclosed
• Auto Trading
  EA supported / CopyTrade available

Pros and Cons

Pros: Regulated by CySEC, wide range of assets, multiple platform options (MT4/MT5), excellent customer support available 24/7. Cons: Reports of withdrawal difficulties, limited educational resources.

Company Background

RoboMarkets Ltd was established in 2012 and is based in Cyprus. It has grown to provide access to over 12,000 trading instruments across multiple asset classes including forex, stocks, indices, commodities, and cryptocurrencies. The broker operates under the Cyprus Securities and Exchange Commission (CySEC), enhancing its credibility in the financial services marketplace. Over the years, RoboMarkets has evolved its service offerings, introducing various account types tailored to meet the diverse needs of both new and experienced traders.

Fund Security

RoboMarkets prioritizes fund security by segregating client funds in major banks and offering Negative Balance Protection. As a member of the Investor Compensation Fund (ICF), clients are also covered under this scheme, which provides additional safeguards against broker insolvency or misconduct, thus protecting traders' investments.

Account Opening

To open an account with RoboMarkets, traders must choose from several account types including Prime, ECN, Pro, Pro Cent, and R Stocks Trader, with a minimum deposit of $100. The account opening process typically involves providing identification documents for verification purposes to ensure regulatory compliance. The demo account feature allows prospective clients to test the trading environment and familiarize themselves with the platform before committing real funds.

Trading Fees

RoboMarkets offers competitive trading fees, with spreads starting from 0 points for Prime and ECN accounts. Pro accounts have spreads starting from 1.3 points, and commissions are not charged on these accounts, which is advantageous for traders seeking low-cost trading options. However, specific commission structures for some account types remain undisclosed.

Trading Instruments

Traders at RoboMarkets can access more than 12,000 tradable instruments, which include major and minor forex pairs, commodities such as oil and gold, indices like S&P 500 and FTSE 100, and a substantial selection of stocks and ETFs. This extensive range enables comprehensive portfolio diversification.

Trading Technology

RoboMarkets employs advanced trading technology, offering platforms like MT4 and MT5 that provide efficient trade execution, advanced charting tools, and access to automated trading strategies. The platforms are known for their reliability and user-friendly navigation, enhancing the overall trading experience.

Research and Education

While RoboMarkets offers a range of trading tools, the focus on educational resources is somewhat limited compared to other brokers. Traders may find basic analysis and market insights, but comprehensive educational programs or webinars are not emphasized, which may not fully cater to novice traders.

Customer Support

RoboMarkets prides itself on its customer support, which is available 24/7 through various channels including telephone, live chat, and email. The responsiveness and multilingual capabilities allow traders across different regions to receive assistance promptly, ensuring a smooth trading experience.